The market for twines of polyethylene or polypropylene, nylon, and other polyamides or polyesters in Portugal has experienced a general decline in market value from 2013 to 2023. In 2023, the market stood at 15.293 million euros. Over the last decade, the market displayed a consistent downward trend, with significant drops between 2017 and 2018, a brief recovery through 2019 and 2020, but subsequent declines have persisted through 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -1.93%, underscoring the overall decline.
Future trends to watch for include:
- The potential for market stabilization or further decline influenced by changes in demand from key industries such as agriculture and fishing.
- Environmental regulations affecting the use of synthetic materials, potentially driving innovation towards more sustainable alternatives.
- The impact of economic factors within Portugal and the broader European context, including shifts in consumer or industry behavior post-COVID-19.